North American Cannabis Holdings Inc (USMJ)

[redwagon]

ACI is not buying USMJ or PURA. They are coming in with funding to continue operations, like the $10M to build the Manufacturing Plant/Tourism Facility for PURA/MLCG/Spanish Peaks. We may find out Thursday that they will help bankroll the opening some or all of the 20 Cafes to move things forward. ACI in exchange for their investment gets control of operations and decision making of USMJ which means they get control of all of USMJ controlled assest which is PURA, possibly ALYI, and other incubated companies that USMJ has not spun off yet. They are still going utilize the experienced staff that has gotten USMJ this far along. There will be no more dilution first because they have funding in exchange for turning over the reins to ACI, second because even if they could authorize 5,000,000,000 more shares, the stock price would plummet and they may not even see $1M proceeds. Not to mention the Millions and Millions of shares that the current management owns would be worthless just like ours hence killing the company. ACI will be repaid with Preferred Dividends and also in stock appreciation. I hope there are laddered bonuses and milestones to keep them motivated in the agreement. I believe when profits come in the next couple of years, a reverse split will be in order right before we join the NASDAQ.